Tag Archives: tax relief

Treasury flies a pension kite on a stormy weekend

Posted on February 8, 2020 by

For as long as I’ve been advising on pensions, the weeks running up to the budget have been filled with rumours of draconian reductions in the subsidies available to the rich to featherbed their retirement. This FT story has the … Continue reading →

Posted in age wage, pensions, Politics, Treasury, welfare | Tagged , , , | 3 Comments

Tom McPhail – “the Thunderer’s thunderer” #pensions #tax #relief

Posted on January 21, 2020 by

Sir, The government should abandon its attempts to find a quick fix to the pension allowance taper problem affecting high earners including doctors and judges (“Pension tax windfall for top earners”, Jan 16, and letter, Jan 17). The pension tax … Continue reading →

Posted in dc pensions, pensions | Tagged , , , | 3 Comments

A pension tax- relief debate (beats Love Island any Sunday)

Posted on January 13, 2020 by

While the nation was working out Dancing on Ice and the new #loveisland line-up,  I was engaged in an intellectual arm-wrestle with amongst others, Mike Otsuka, John Ralfe, Sam Pickford, Steve Bee and (in the stands) Ros Altmann. The topic, … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , , , , , , | 2 Comments

Pension tax-relief – a fact based argument for change.

Posted on January 12, 2020 by

  The change I am suggesting would turn pension taxation on its head, it would mean pension contributions would be taxed at more than 60% for high earners but that the lowest earners would be exempt from pension taxation.  Pension … Continue reading →

Posted in pensions | Tagged , , , , , , , | 10 Comments

What “fair pensions” might mean in the next five years.

Posted on December 15, 2019 by

  Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading →

Posted in pensions, Treasury | Tagged , , , , | 2 Comments

Pension tax transparency a long way off

Posted on October 27, 2019 by

    The malaise  with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading →

Posted in pensions, steve webb, Treasury | Tagged , , , , , , | 2 Comments

For everyone’s sake – let’s sort pension savings incentives this budget.

Posted on October 22, 2019 by

    Diversity is about including and it’s so important to pensions that we now have a minister of pensions and financial inclusion. A big part of the minister’s job is to create diversity – including not just men and … Continue reading →

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Pension paralysis over the net-pay rip off.

Posted on April 13, 2018 by

I won’t bore you with a list, but there are 31 blogs on this site dealing with various aspects of the net-pay rip-off which is denying hundreds of thousands of low-paid people the incentive promised them by HMRC for contributing … Continue reading →

Posted in Payroll, pensions | Tagged , , , , , , | 5 Comments

Too late Chancellor – that ship has sailed!

Posted on October 17, 2017 by

  If I were a cynical editor looking for a story to focus on, I would look no further than speculation on the autumn statement. Yesterday the Telegraph floated a story, purportedly a leak from #10, that the Chancellor was … Continue reading →

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The half completed bridge – pension tax reform.

Posted on March 8, 2017 by

      Today is Budget Day, though you wouldn’t know it! It’s a kind of side-issue when mainstream news is dominated by Trump’s latest antics and speculation over BREXIT. There was a time when the Pension world would be … Continue reading →

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